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secretary of defense, it would be shooting ourselves in the foot. the smallest navy since 1914 and the smallest air force in the history of the country so sequestration must be replaced. i'm willing to generate revenue. it's fair to ask my party to put revenue on the table. we're below historic averages. i will not raise tax rates to do it. i will cap deductions. if you cap deductions around the $30,000, $40,000 you can raise a trillion dollars in revenue. the people who lose their deductions are the upper income americans. to do this i want entitlement reforms. republicans always put revenue on the table. we never cut spending. i'm looking for more revenue for entitlement review before the end of the year. >> i want to ask senator durbin about that. in the end, norquist said that you're not going to go through with this promise to race revenues because you quote like being a senator. your response? >> i love being a senator and i want to be a senator that matters for the state of south carolina and the country. when you're $16 trillion in debt, the only pledge we should be mak
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